HireQuest (HQI) to Release Earnings on Thursday

HireQuest (NASDAQ:HQI) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect HireQuest to post earnings of $0.16 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

HireQuest (NASDAQ:HQI) last posted its earnings results on Thursday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $8.68 million for the quarter, compared to analyst estimates of $8.40 million. HireQuest had a return on equity of 9.15% and a net margin of 14.27%. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, analysts expect HireQuest to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

HireQuest Price Performance

Shares of HQI stock traded up $0.28 during mid-day trading on Tuesday, hitting $13.38. 12,584 shares of the stock traded hands, compared to its average volume of 13,698. The stock’s fifty day moving average is $13.96 and its two-hundred day moving average is $13.19. HireQuest has a 52-week low of $11.39 and a 52-week high of $17.31. The stock has a market cap of $187.32 million, a P/E ratio of 34.47 and a beta of 1.02.

HireQuest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.24 annualized dividend and a yield of 1.79%. HireQuest’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HQI. DA Davidson reiterated a “buy” rating and set a $19.00 price objective on shares of HireQuest in a report on Friday, August 9th. Barrington Research raised their price target on HireQuest from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd.

About HireQuest

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.